Venus has launched a new way for… $BNB Chain users to access fixed rate returns and unveil the Pendle Fixed Rate Vault on Venus Core with the aim of making one of DeFi’s most attractive ideas much easier to use. The new vault is designed to remove the complexity that has long stood between users and fixed income returns, turning what was once a multi-step process into a single deposit.
For years, fixed interest returns were one of DeFi’s biggest promises. The appeal is obvious. Lock in a return, hold it until maturity and collect your returns without worrying about market fluctuations or constant monitoring. In theory that sounds simple. In practice, however, earning a fixed interest rate through Pendle has often required users to go through several steps, including finding the right asset, exchanging a Principal Token on Pendle, returning to Venus, and then providing that token as collateral. For many users, that process was enough to stop them before they even started.
The new Pendle Fixed Rate Vault on Venus Core changes that experience by abstracting the entire flow into one transaction. Users can now deposit $BNBwhile the vault handles the rest behind the scenes. It sends money through the Pendle Router, acquires PT-slisBNB-25JUN2026, delivers it to Venus Core and issues vTokens representing the user’s position. From then on, the APY will be locked at the time of deposit, giving users a clear idea of the returns they are aiming for from the start.
Streamlining DeFi yields
The launch is the result of a collaboration between Venus and Pendle, with each project managing the part of the stack it knows best. Pendle provides the returns infrastructure, including the core token mechanism, automated market maker, and fee structure that powers fixed rate DeFi. Venus, meanwhile, packages that infrastructure into a user-friendly vault experience that fits into the lending platform that many are already familiar with. $BNB Chain users. Venus has long been one of the most established names in the world $BNB Chain DeFi lending, and it remains the largest lending market on the network.
According to the announcement, the first market in the new vault system is already live on Venus Core. The initial asset pair is $BNB converted to PT-slisBNB-25JUN2026, with an expiration date set on June 25, 2026 and a current fixed APY of 2.77%. That means users who enter the vault today will lock in a return based on current market conditions at the time of deposit, rather than relying on variable returns that can change over time.
The process in adulthood is simple. When June 25, 2026 arrives, the user’s vTokens will be redeemed, the PT token will be exchanged 1:1 for $BNBand the original deposit plus the fixed return is automatically refunded. The structure is intended to appeal to users who want predictable returns without the need to manually manage multiple token conversions or withdrawal steps.
At the same time, Venus and Pendle have also retained flexibility for users who want to quit early. According to the launch details, early withdrawal is possible at any time. In that case, the PT on Pendle’s AMM is sold at the market price at the time of withdrawal, and the exact return is displayed in the interface before the user confirms the action. That removes much of the uncertainty that often comes with exiting DeFi, although the project emphasizes that the fixed APY is only guaranteed for users who hold the position until maturity. If a user exits early, the return will depend on the market conditions at that time.
The broader significance of the launch is that it lowers the barrier to entry for one of DeFi’s more advanced strategies. Fixed-rate products have often appealed to more experienced users who are comfortable navigating token mechanisms and liquidity markets, but that complexity has limited adoption. By packaging the route through Pendle in a one-click vault on Venus, the two protocols aim to make the product much more accessible for everyday life. $BNB Chain users.
More markets are expected to follow suit, according to the announcement. Venus and Pendle encourage users to monitor their official channels for updates as the fixed rate vault offering expands. For now, the new safe will do $BNB On-chain users are a new option to earn predictable returns in DeFi without the usual hassle, in an industry where simplicity is often as important as innovation, which may prove to be the real selling point.